If you change any thing else in payment term that will be effected to your
historical data and coming future data,according to payment term.
Could you tell me why your going to change payment term?.According that we
can suggest.
Thanks

Hi, If I import an AP invoice from external system which contains payment terms, will the payment terms be over ridden by the terms set up at the supplier level? If there is any set up for this over ride/default, can any one point me to that?
also can anyone explain me what is the use of 'terms date' column available in the oracle open interface table?
Thank you.

TERMS_ID NUMBER(15) Internal ID TERMS_NAME or TERMS_ID
required if no terms are available through matching or at the supplier site. Validated against: AP_TERMS.TERMS_ID
Internal identifier for the payment terms. You maintain payment terms in the Payment Terms window. If you want to specify payment terms you need to enter a value in only one of the following columns: TERMS_NAME or TERMS_ID.
G-12 Oracle Payables User?s Guide
The import process searches the following sources in the following order for payment terms and uses the first terms it finds:
1. invoice record header (TERMS_ID or TERMS_NAME)
2. purchase order terms for the purchase order in the invoice header (if the invoice record is purchase order matched at the header level)
3. purchase order terms for the purchase orders to which one or more lines are
matched directly, or indirectly through a receipt (if not more than one set of terms is represented)
4. supplier site
If none of these sources has a value for payment terms, then the invoice record is rejected. If you use calendar-based payment terms and no calendar period is defined for the terms date, then the system uses the terms date as the due date when it creates the scheduled payment.
Octavio

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